Business category, Page 222

LOS ANGELES — McDonald’s has agreed to a $26 million settlement of a long-running class-action lawsuit over wages and work conditions at corporate-run locations in California, the parties said Monday. The agreement, which estimates the settlement covers about 38,000 individuals, requires the approval of a Los Angeles County Superior Court...

EBay is selling StubHub to ticket seller viagogo for $4.05 billion in cash. The transaction is part of a review that eBay undertook earlier this year following pressure from an activist investor. The San Jose, Calif.-based company then said it was also reviewing options for its classified ads business. EBay...

NEW YORK — WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy. WeWork said it has laid off 2,400 of its approximately 12,500 employees to “create...

WASHINGTON — Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties. The National Association of Realtors said Thursday that sales of existing homes rose 1.9% last month to a seasonally adjusted annual rate of 5.46...

DETROIT — General Motors is suing Fiat Chrysler, alleging that its crosstown rival got an unfair business advantage by bribing officials of the United Auto Workers union. The lawsuit, filed Wednesday in U.S. District Court in Detroit, alleges that FCA was involved in racketeering by paying millions in bribes to...

FORT COLLINS, Colo. — The Colorado brewery responsible for making Fat Tire beer, among many others, is being sold to an international beverage company after nearly 30 years in business, officials said. New Belgium Brewing Co. in Fort Collins is being sold to Lion Little World Beverages, The Coloradoan reports....

BOSTON — A Nerf dart gun, ice cream-scented Nickelodeon slime and a plastic Power Rangers claw are among the toys topping a consumer safety group’s list of worst toys for the holidays. World Against Toys Causing Harm unveiled its annual list Tuesday at a Boston children’s hospital. A realistic toy...

NEW YORK — GateHouse has closed its $1.1 billion takeover of Gannett, promising a $300 million cut in annual costs as it becomes the country’s largest newspaper company by far at a time when print publications are in precipitous decline. The new company keeps the Gannett name and brings about...

Energy stocks, and to a lesser extent bank stocks, have been the market’s whipping boys in 2019. Now they are being punished anew, as investors sell shares to establish tax losses. In the fall frenzy of tax-loss selling, certain stocks are often pushed below their intrinsic value, and that is...

Atlanta-based Chick-Fil-A has stopped donating to The Salvation Army and the Fellowship of Christian Athletes, two organizations that have come under fire from LGBTQ activists. The company told the Thomson Reuters Foundation it has stopped donating to the organizations on Monday, according to CNBC. “We made multiyear commitments to both...

ATLANTA — After Europe retaliated with tariffs on Kentucky bourbon in response to President Donald Trump’s trade war, the James E. Pepper distillery in Lexington so far this year has suffered a more than 20% sales decline internationally. “We’re collateral damage,” said Amir Peay, the 42-year-old owner. While tensions may...

HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox. The Palo Alto, Calif.-based company said Sunday that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine. HP, which makes computers and printers,...

As Amazon readies its grocery chain, analysts and competitors are trying to predict how the commerce giant will make what many expect to be a major move into the biggest category of retail spending. Picture a grocery store with a miniature version of a highly automated fulfillment center on an...

Twitter says its new ban on political ads will cover appeals for votes, solicitations for campaign contributions and any political content. Twitter is defining political content to include any ad that references a candidate, political party, government official, ballot measure, or legislative or judicial outcome. The ban also applies to...

An eastern Georgia industrial plant will close by the end of 2020, laying off up to 200 workers. General Electric Co. tells local media it will close its high-voltage electrical switchgear plant in Waynesboro, consolidating work to a similar plant in Charleroi, Pennsylvania. The company’s renewable energy unit blames the...

SAN FRANCISCO — Amazon is protesting the Pentagon’s decision to award a $10 billion cloud-computing contract to Microsoft, citing “unmistakable bias” in the process. Amazon’s competitive bid for the “war cloud” project drew criticism from President Donald Trump and its business rivals. The project, formally called the Joint Enterprise Defense...

DETROIT — With the eastern two-thirds of the U.S. shivering through an early blast of arctic air, it’s time to start thinking about whether your car’s tires will get you safely through the winter. Italian tiremaker Pirelli recently started a campaign telling people that winter tires aren’t just for climates...

NEW YORK — With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another brutally competitive shopping period. The good news? Many retail CEOs say the U.S. consumer is financially healthy given the economy remains strong and the...

Do you opt drink coffee or hot tea while flying the friendly skies? Well, you might want to reconsider that. According to a recent study highlighted by People.com, many of the U.S.’s top airlines are not providing safe drinking water. The 2019 Airline Water Study, which was conducted by DietDetective.com...

LIVERMORE, Calif. — Caught in the crossfire of President Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute between the world’s two biggest economies has...

Usually when something seems too good to be true … You know how the rest of the saying goes, and Costco is here to warn its customers just that. The wholesale company posted Tuesday on Facebook that they are “NOT giving away $75 coupons. “While we love our fans and...